EMI Calculator

Calculate your Car,Bike,E-Cycle and other EMI monthly repayments at AwtoBazar's online EMI Calculator




Frequently Asked Questions

EMI Calculator helps you to calculate monthly EMI repayments for car loan,twowheeler loan and other auto loans with ease at AwtoBazar

How to Calculate →

>  Enter Pricipal Loan Amount

>  Select Interest Rate

>  Select Loan Tenure

>  Get EMI Summary

EMI is the Equated Monthly Installment amount paid to the Bank or Financial Institutions against the loan which is to be repaid over the tenure of the loan on a monthly basis.

Matematically, EMI Formula is :

E = P x R x (1+R)^N / [(1+R)^N-1]

P = Principal amount of the loan

R = Rate of interest

N = Number of monthly instalments.

 

• Online calculator saves time and energy over manual method

• Gets quick results

• Gives accurate results

• Helps to plan the loan amount needed

 

National Automated Clearing House (NACH)/ECS mandate can be used to repay EMIs to debit automatically from your bank account at the end of the month

The most auto loans i.e cars,bikes etc.. tenures in India ranging from 1 to 5 years while some lenders offers tenure upto 7 years

Disclaimer : * The calculations performed by online EMI Calculator is based on the information you entered and is for indicative purposes only.The Estimated monthly repayments DOES NOT include any processing or other fees which may depends on the Banks and Financial Institutions.

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